Best McAlvany Weekly Commentary Podcasts (2025)

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Gold’s Global Takeover 26:01

Play Pause

23h ago26:01

26:01

Markets remained mostly quiet this week, with gold up 1.2% and silver up 1.3%. The U.S. dollar made a surprising move when climbing up 1.1% and breaking above 100 on the index. As gold looks to take a breather, the momentum backing its increase continues to mount. Worldwide demand for gold reached its highest ever quarterly total at 1,313 tons as B…

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Late Cycle Dynamics With Doug Noland: Risk Takers In Charge 49:49

1d ago49:49

49:49

Cayman Island Hedge Funds Hold Most Of U.S. Treasuries Precious Metals Move Another Late Cycle Signal Risk Taking Can Turn To Panic Within Hours"What makes me worried today is I don't know where the next bubble is because when this bubble bursts, you're going to have government debt and central bank credit discredited, I believe. You're going to ha…

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Tactical Short 3rd Quarter 2025 Recap 1:47:11

7d ago1:47:11

1:47:11

Loose Conditions, Excess and Fed Accommodation - October 30, 2025 David: Good afternoon. Thank you for participating in our third quarter 2025 recap conference call for Tactical Short. This is October the 30th, and we're grateful for your joining us. As always, thank you to our valued account holders. We so greatly value our client relationships.Th…

1
Rate Cuts, Inflation, and Gold’s Next Move 26:01

7d ago26:01

26:01

Despite the recent pullback, our team explains why this may simply be a pause in a long-term bull market, not a breakdown. We discuss how the Fed’s mixed messaging is impacting precious metals, why ETFs in both the East and West are adding gold exposure, and what the broader economic and geopolitical backdrop means for gold’s next move.Let’s take a…

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Shadow Banking Time Bomb 46:43

9d ago46:43

46:43

First Brands & Tricolor Failures Signal Future Disaster Financing Government Debt Now More Important Than Price Stability Register For The Next Regime Playbook Webinar"Certainly, we are dealing with what economists describe as a K-shaped economy. The wealthy have everything and it's going up and to the right. And the less well-off are down and to t…

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Precious Metals Pullback 26:01

14d ago26:01

26:01

This week, gold and silver saw their first major pullback in months, with gold taking a 3% step back and silver down 8.5%. The move does not appear to be due to any change in the underlying fundamentals and instead is driven by profit-taking and rising CME margin requirements.Let’s take a look at where prices stand as of Wednesday, October 22:The p…

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Finally! Gold Takes A Breath 48:28

16d ago48:28

48:28

Gold & Silver's Gains Correcting Down This Week Long Term Monetary Regime Change Points To Much Higher Gold The Case for a New Price Reality - Latest Hard Asset Insights"The nature of gold being the anti-fragile asset for every investor because we're all dealing with the same things. By the way, we topped 650,000 yen per ounce this week after start…

1
Historic Metals Breakout 26:01

22d ago26:01

26:01

There has been extraordinary momentum in the precious metals markets this week, with silver breaking historic barriers and gold continuing its record-setting run.Gold’s climb continues this week as it surged to another new high just above $4,200. Not to be out done, silver locks in nine straight weeks of gains and soars past the $50 threshold. Whil…

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Hundreds Of Tons Of Silver Scrambles To London 38:30

23d ago38:30

38:30

Silver Demand In Form Of ETFs Spikes Causing Market Mayhem Golden Opportunity To Accumulate 90% Silver Coins Silver Lease Rate Soars To 200%"Just count the stuff that's coming from the US. 180 tons of silver suggests that this is now more normal pricing. The spot market and futures market come into more standard relationship. How much of a decline …

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Gold’s Relentless Rise Continues 26:01

28d ago26:01

26:01

Gold and silver have reached remarkable highs, with gold breaking through $4,000 and silver nearing $50, marking new all-time price records as of this week. Forecasting remains challenging, with analysts believing gold could push toward $5,000 before experiencing significant corrections, but sentiment is far from the euphoric “manic” phase that mar…

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Gold: $40 to $400 to $4,000 To…? 43:46

1M ago43:46

43:46

A Currency On Its Way To Zero Reprices Assets To Infinity Citadel's Ken Griffin: Investors View Gold Safer Than The Dollar Debt Trap: The Only Way Out Is To Inflate"Only once in world history have we had a unified fiat system in which investors base their allocations on a system whose ground is inherently shifty, constantly moving. The euro is only…

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Market Strength Amid Uncertainty 26:01

1M ago26:01

26:01

Gold moved ever closer to the $4,000 milestone this week, climbing up 3.5%. Silver surged a staggering 8.3% and is approaching $50. Platinum and palladium also joined the rally, both breaking through key resistance levels before slightly pulling back.Even amid a strong week for precious metals, the S&P rose 1.7% and the dollar held steady, showcasi…

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Bill King On Gold: “Where Else Can You Go?” 54:37

1M ago54:37

54:37

They Will Run It Hot Until It Blows Up Welcome Back To The 1970s: Inflation + Gold Explosion The Chinese Are Buying Gold Like Crazy"So, yeah. Biden did that enormous package and you got inflation. And Trump, doing pretty much the same thing. Then when you lay over China, who's fighting to keep their economy from imploding. As bad as our money suppl…

1
White Metals Leading the Charge 26:01

1M ago26:01

26:01

Following last week’s rate cut, precious metals all saw strong upwards movement, with silver up almost 6% and platinum up a staggering 8%. Gold climbed up 2% and futures saw it breaking $3,800. Equities held close to record high levels, and the dollar slightly rebounded following the sharp Fed-driven drop.Let’s take a look at where prices stand as …

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Unforgettable Moment “I Forgive You” 40:12

1M ago40:12

40:12

Charlie Kirk's Death Likely The Foundation Of A First Turning Gold Is Being Re-monetized Worldwide Foreign Investors: "Buy U.S. But Hedge The Dollar""We go back in time to gold priced in yen, and it was not that many years ago that gold was 5,000 yen, and then it was 10,000, and it seemed unimaginable that it could go higher. And then 15,000, and t…

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Fed Sparks Market Swings 26:01

2M ago26:01

26:01

Let’s take a look at where prices stand as of Wednesday, September 17:The price of gold is up 0.8%, sitting at $3,660 as of recording. Intraweek, gold broke above $3,700 twice, reaching a new record high.The price of silver is up 1.5% at $41.60. At one point during the week, silver was up almost 5%.Platinum is down about 1.3% at $1,365. Platinum is…

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Momentum Shifts To Gold 31:43

2M ago31:43

31:43

Silver Mining Stocks, Gold ETF's Now Confirming Higher Gold Prices MAG 7 Mania Consumes 31% Of Total U.S. Stock Market Verbal Debate Shouldn't End With A BulletDavid: "Margin debt rose 3.6% in August to a new record high of 1.06 trillion. Remember, when you're so confident in your portfolio allocations that you borrow from the house— So capital is …

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Metals Rally Recap 26:01

2M ago26:01

26:01

Precious metals continue to march higher, with gold reaching a new all-time high. The platinum-to-palladium ratio narrowed slightly as platinum took a breather while sister metal palladium played catch up. The US dollar index slipped after a downwards revision of jobs data and signs of stagflation.Let’s take a look at where precious metals prices s…

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How Gold Will Multiply Your Stock Gains 37:51

2M ago37:51

37:51

Dow/Gold Ratio Is The Key Gold Reduces Investment Complexity Unemployment Shock Puts Fed In A Corner"Your most reliable hedge is something that doesn't do a lot of different things. It's not like a Swiss Army knife—does a little bit of everything, but nothing very well. Gold is wealth insurance. In its purest form, it doesn't need complexity. In fa…

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Metals Surge to New Highs 26:01

2M ago26:01

26:01

While gold reaches a new record and silver surges past its trading range, government policy continues to reshape the investment terrain. Let’s take a look at where prices stand as of Wednesday, September 3:The price of gold is up 4.5% at $3,564, reaching a new record high.The price of silver is up 6.2% to $41.24 from a week earlier, a strong week f…

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Can Trump “Stack” The Federal Reserve? 34:08

2M ago34:08

34:08

Gold & Silver Break Above Historic Numbers Lisa Cook & World Perception Of Fed Independence All Eyes On September 17th"You meet the expectations with a 25 basis point cut. You beat the expectations with a 50 basis point cut. You completely blow up expectations and you see a massive equity market hissy fit if you raise rates in light of a powerful, …

1
Gold Hits $3,400 as Fed Signals Rate Cuts 26:01

2M ago26:01

26:01

This week on Golden Rule Radio, the team breaks down the latest moves in the precious metals markets following the Fed’s Jackson Hole meeting. Gold hit $3,400, silver is rising alongside it, and rate cut expectations are shaking both the dollar and equities. We also dive into the Fed’s dual mandate struggles, inflation concerns, the potential creat…

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Don’t Miss the Silver Streak 41:58

2M ago41:58

41:58

Silver breaks $34, $36, $38…soon $40 More U.S. Equities owned by foreigners than U.S. Bonds – Historic first time If FED has to turn to Yield Curve Control, Gold will have no ceiling"When you're thinking about the big picture and how all these pieces fit into the larger puzzle, what happens with the critical minerals is one aspect, how the Chinese …

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Markets Eye Rate Cuts 26:01

3M ago26:01

26:01

This week gold and silver see some small downwards movement following their recent gains. Platinum held steady, while palladium continued its declining slide. The S&P briefly reached a new all-time high before dropping down to 6,400.Meanwhile, the focus shifts to Jackson Hole and what the next Fed meeting will unveil. Let’s take a look at where pre…

1
Gold & Gold Miners Outperform Stocks & Bitcoin YTD 35:09

3M ago35:09

35:09

Could A Breakdown In Bonds Break The Stock Market? Bessent Pressures Bank Of Japan For A Stronger Yen Would Trump Sue The Fed?"We are spending around 600 billion a month, and the US political class has been unwilling to meaningfully cut spending to address our debt issues. Obviously the hope is that we grow our way out of 37 trillion. By the way, w…

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Futures Hint at Gold Surge 26:01

3M ago26:01

26:01

Ongoing tariff fears pushed futures markets above $3,500 and hints at a potential gold breakout. With continued rising inflation, and a high likelihood of a September rate cut, the precious metals market is positioned for strong gains. Let’s take a look at where prices stand as of Wednesday, August 13:The price of gold is down 0.5% at $3,380 since …

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No Tariffs On Gold “What Would’ve Happened If?” 28:41

3M ago28:41

28:41

A Look At The World Wide Bullion Market Why Gold Tariffs Would Ultimately Be Ineffective How The "Big Boys" Always Win In The End* * *Kevin: Welcome to the McAlvany Weekly Commentary. I’m Kevin Orrick, along with David McAlvany.David: It's interesting, isn't it? Well, this is sort of a special commentary focused exclusively on gold. Tariffs on cert…

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Overseas Demand Fuels Gold 26:01

3M ago26:01

26:01

While the U.S. demand remains down, global demand for physical gold is surging. Russia and China are challenging the Western pricing dominance as they open their own precious metals exchange to begin swaying control of the metals. Let’s take a look at where precious metals stand as of Wednesday, August 6:The price of gold is up about 2.2% at $3,370…

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All Time Stock Highs & Liquidity Addiction 32:53

3M ago32:53

32:53

Inflation (Devaluation) Chosen As Best Political Answer Gold Purchases (Bar & Coin) Up 250% In Germany, 91% In China What Is A "Crack-Up-Boom"?"If you have too little money in credit and growth does not as easily materialize, you risk economic implosion. And that's if there's even a hiccup, a small little disruption within the economy. Too much mon…

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Volatility Strikes Precious Metals 26:01

3M ago26:01

26:01

All four major precious metals—gold, silver, platinum, and palladium—experienced notable declines this week thanks to robust economic figures and the Fed’s decision to keep rates steady. Let’s take a look at where prices stand as of Wednesday, July 30:The price of gold dropped $107 (3.1%) to $3,275, with an additional $54 (1.6%) lost in a single da…

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Tactical Short 2nd Quarter 2025 Recap 1:59:29

3M ago1:59:29

1:59:29

Terminal Phase Whipsaw - July 31, 2025 David: Good afternoon. This is David McAlvany. Thank you for participating in our second quarter 2025 recap conference call titled "Terminal Phase Whipsaw." As always, thank you to our valued account holders. We so greatly value our client relationships. Today, we will review performance. Doug will go through …

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Sizzling Markets: No Acrophobiacs Allowed 33:28

3M ago33:28

33:28

Are markets really on fire and how high is too high? This week David and Kevin dig into the dizzying climb in valuations, with the Buffett Ratio screaming to a record‑breaking 210%. We explore what that number really means, why China’s debt machine is running out of steam, and how even a Krispy Kreme meme‑stock craze says something about investor p…

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Cyber-Intrusion, Banking Fragility, & Petro-Dollar Replacement 43:28

4M ago43:28

43:28

If It's Free To You Online, Realize That "You Are The Product" Banking Crises Are Actually Designed Ahead Of Time Dollar Recycling Being Replaced By Gold"And it just goes to show how vulnerable a lot of this infrastructure is, particularly the internet. When you talk about the internet as we conceive of it, like going to Amazon and buying something…

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Metals Rally Into Summer 26:01

4M ago26:01

26:01

While the S&P 500 showed little activity this week, precious metals sparked significant excitement among investors. Let’s take a look at where precious metals stand as of Wednesday, July 16:Gold edged up 0.75% to near $3,350 per ounce. The real story, however, was the volatility: we saw $60 swings in gold’s price in a single day.The price of silver…

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Dr. Peter Zhao: The Importance Of Virtue In Economics 30:36

4M ago30:36

30:36

Former Communist Atheist Explains Why A Market Economy With Churches Works China Is In Need Of Spiritual Reform To Save Economy When A Country Lacks Faith In God, The Nation Becomes Its God"I think there are four flash points of global geopolitical situations, and out of the four I identify three as already being ignited, namely the Ukraine-Russian…

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Gold Trends and Investor Traps 26:01

4M ago26:01

26:01

The metals markets have been anything but dull, even if the week’s price action felt subdued. The compressing pennant pattern in gold’s trading often signals an imminent breakout—yet, as history shows, gold can stubbornly trade sideways. For investors, this means patience may be warranted.Let’s take a look at where precious metals stand as of Wedne…

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Germany & Italy Want Their Gold Back 40:12

4M ago40:12

40:12

Devaluation? Dollar Loses 10% In Six Months Can Powell Lower Interest Rates Without A Dollar Crash? "90 Deals In 90 Days" - Only 2 So Far"Germans and Italians asking to repatriate their gold holdings from the US. This is not an insignificant sum, $245 billion in bullion they'd like to have onshore. If nothing else—if nothing else—it's a sign, it's …

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Platinum’s Power Move 26:01

4M ago26:01

26:01

The past week saw significant volatility across precious metals. Gold experienced a sharp drop to $3,240 before rebounding by $120, ultimately ending the week with only a modest gain. Silver followed a similar trajectory, swinging 4% down and back up about half a percent for the week. The white metals—platinum and palladium—were the real standouts.…

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The Power of Economic Warfare: Edward Fishman on Chokepoints, Sanctions & Strategy 46:04

4M ago46:04

46:04

Former State Dept. official Edward Fishman breaks down the rise of economic statecraft How modern warfare is waged by “guerrillas in gray suits” — not soldiers on battlefields Why controlling chokepoints and financial systems may prevent military escalationThis week, we’re joined by Edward Fishman, Author of Chokepoints: American Power in the Age o…

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White Metals Show Strength 26:01

4M ago26:01

26:01

This week saw modest declines in gold and silver. Platinum, however, bucked the trend, rising to its highest level in 11 years. Palladium also managed a 1% gain.Despite these moves, overall volatility was limited. The technical picture shows a sideways-to-slightly-down trend in the short term, but the long-term bull market remains intact. Let’s tak…

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What Type Of War, Banks or Bunker Busters? 39:53

5M ago39:53

39:53

Central Banks Now Have More In Gold Than In Euros 95% of Central Bankers See Their Gold Reserves Rising Over Next 12 Months Breakout In Silver & Mining Shares"When I talk about the investor coming into competition for ounces with a price-insensitive buyer, what's underappreciated about gold, truly underappreciated, is the supply inelasticity there.…

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Markets Shift Toward Metals 26:01

5M ago26:01

26:01

Platinum was the big winner of the week, rising up 6% and flirting with a previous high reached in February. And it still has more room to go higher.Gold was flat on the week. But it still continues to shine, as geopolitical and economic uncertainty has more investors seeking safety. Even bond market authorities call gold the new “flight to quality…

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War, Nukes, & Regime Change 34:15

5M ago34:15

34:15

Would Regime Change In Iran Effectively Solve The Nuclear Deal? Will The Middle East War Spread? Gold Replacing T-Bills As Flight Captial Preference"We talked about the breakout in silver, and I think silver more than even the gold market is your tell for the Western investor finally saying, maybe we do need some version of a plan B. What is our be…

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White Metals Lead the Charge 26:01

5M ago26:01

26:01

The white medals lead the markets this week, supported by the tightening supply and industrial demand. Silver surged up to over 5%, smashing through the $35 barrier, while platinum shot up 13%. Palladium showed strong movement as well with a 7.5% gain.As the dollar decline continues, commodities are showing signs of a breakout. Further reinforcing …

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“Sound Money” Actually Makes A Sound 33:08

5M ago33:08

33:08

Did Anyone In Government Read The Big Beautiful Bill? "Genius Act": A Crypto Version Of Fiat Dollar Tomahawk 6 By Broadcom Threatens NVIDIA Share Value"The gold market has been driven by central bank demand, and one of the reasons why I wanted to highlight some of the moves in silver today and the change in the ratio in silver is because the genera…

1
Debt Rising, Faith Falling 26:01

5M ago26:01

26:01

Gold’s rally continues, up over 3% from last week, and silver is not to be outdone, rising almost 4%. We are seeing signs in the S&P and Dow of reaching potential tops following May’s gains. Demand for gold remains globally, with soaring debt, government spending, and geopolitical tensions showcasing the safe haven found in gold.Let’s take a look a…

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The Big Beautiful Bill’s Hidden Bomb 43:25

5M ago43:25

43:25

Jamie Dimon Says Bond Market Will Cause Panic In Future Section 899 Of Bill Could Scare Money Out Of Dollar Is Private Equity The New Money Trap"We go back to the 30,000-foot perspective and see that interest rates are the issue for the Treasury Departments in the UK and in the US and in Japan and in many other places. So we have this convergence a…

1
Market Moves: Gold, Dollar, Debt 26:00

5M ago26:00

26:00

Gold kicked the week off dropping just below the $3,300 level, while silver dropped down about 2%. Platinum held onto its strong gain following last week staying near $1,060, though palladium took a sharp drop by over 7%. Copper remained flat overall at $4.60 but is up over 10% from 2020’s high.The S&P 500 inched up 1%, reaching the break point see…

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Can We Really Outgrow Our Debt 34:31

5M ago34:31

34:31

Big Beautiful Spending Bill Will Spend More Than Ever 50% Tariffs On EV... Just Joking? US Dollar Down In Gold - 29% In One Year - 48% In Five Years"The bond market is a mess. The US long bond reached levels last week we haven't seen since July of 2007. The Japanese long bond, at 3.19, reached a record high for an instrument that's only existed sin…

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Commodity Bull Run Continues 26:00

6M ago26:00

26:00

Gold bounced back from a short-term decline following April’s highs. Platinum pushed up to its highest level in a year, while palladium gained 9%. With shifts in global monetary sentiment, bitcoin shot up to a new high. Let’s take a look at where prices stand as of Wednesday, May 21:The price of gold is up about 4%, from our recording last week at …